Samsung predicts another big drop in quarterly profits, but it could be the last one

Due to a slump in global sales of both high-end smartphones and memory chips, Samsung didn't have the best of quarters between April and June, shedding no less than 56 percent of its overall profit gained during 2018's second quarter. The chaebol is now out with its latest earnings guidance, and although the financial results for the July - September timeframe are not final yet, it looks like the tech giant's consolidated operating profit has once again declined by exactly 56 percent compared to the same quarter of last year.

That sounds pretty bad, and it's certainly not good ...

Tuesday, 8 October 2019 GSM ARENA GSMArena.com